Daily Outlook of GBP/USD

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD the pair fall after BOE's announcement, as the central bank maintained rates and the APP unchanged, as largely expected, while reiterating that interest rates will likely rise gradually during the upcoming years. US positive data released ahead of Wall Street's opening coupled with the dovish BOE to send the pair to a daily low of 1.3391, currently technically the pair trading the below 200 ma with the head and shoulder pattern with double top candle pattern on weekly time frame, we can see one more fall to test 1.3300, The Bank of England will release its quarterly bulletin this Friday, although it's unlikely it would affect Pound, as most of the data included are usually released in advance.


as expected target hit
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